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		<title><![CDATA[Forex Software — The simplest strategy]]></title>
		<link>https://forexsb.com/forum/topic/6410/the-simplest-strategy/</link>
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		<description><![CDATA[The most recent posts in The simplest strategy.]]></description>
		<lastBuildDate>Wed, 07 Dec 2016 19:46:44 +0000</lastBuildDate>
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			<title><![CDATA[The simplest strategy]]></title>
			<link>https://forexsb.com/forum/post/40198/#p40198</link>
			<description><![CDATA[<p>Simplicity means not just having few indicators in the strategy, but having few parameters, and those insensitive to large changes. The simplest strategy I have found that backtests well is to use a channel indicator such as a Donchian or Steady Bands, typically set to go long on hitting the upper band. </p><p>Money management: add on next same direction, reduce on opposite direction signal. Bet size 0.25% to 1% depending on candle size from 1m to 1hr, haven&#039;t tried longer candles. Or set to minimum possible trade size, accounts under ~$20,000 may over-trade %-wise with 0.01 lot minimum.&nbsp; Use a random filter for trades to reduce effective minimum lot size if needed. High lot limit, e.g. 35 EURUSD lots for a $100K initial account. </p><p>No exit - choose exit condition that will never be satisfied, e.g. Day Closing + Standard Deviation(2 candles)&gt;100.<br />A maximum % at risk exit condition can also work.</p><p>For&nbsp; EURUSD 1m Donchian on Oct. 2016 data, a 180 candle setting works well, with a 120 point offset, though these numbers aren&#039;t at all critical. (+/- 50% on period and shift&nbsp; final balance range $158k to $189k for Oct.) A three-hour candle period works well on other candle sizes.</p>]]></description>
			<author><![CDATA[null@example.com (E.Harris)]]></author>
			<pubDate>Wed, 07 Dec 2016 19:46:44 +0000</pubDate>
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